Agoracom Blog Home

Archive for the ‘All Recent Posts’ Category

Advance Gold $AAX.ca – I Wouldn’t be Surprised to see $3,000 Gold: David Rosenberg $ANG.jo $ABX.ca $NGT.ca $MGG.ca $SIL.ca $FA.ca $LON

Posted by AGORACOM at 12:26 PM on Friday, August 30th, 2019

SPONSOR: Advance Gold AAX.v – Advance Gold controls 100% interest in the Tabasquena Silver Mine in Zacatecas, Mexico. A cluster of 30 Epithermal veins have been discovered, with recent emphasis on exploring a large anomaly to drill. Advance also owns 15% of the Kakamega JV attached to Barrick Takeover Offer for Acacia Mining. Click Here For More Info

  • Interest rates will keep going down and gold will keep going up in what Gluskin Sheff’s chief economist calls a ‘bona fide and durable gold rally’

Source:https://business.financialpost.com/investing/investing-pro/i-wouldnt-be-surprised-to-see-3000-gold-david-rosenberg

CardioComm Solutions $EKG.ca – How #Digital #Mhealth is Accelerating #Healthcare $ATE.ca $TLT.ca $OGI.ca $ACST.ca $IPA.ca

Posted by AGORACOM-JC at 11:05 AM on Friday, August 30th, 2019

SPONSOR: CardioComm Solutions (EKG: TSX-V) – The heartbeat of cardiovascular medicine and telemedicine. Patented systems enable medical professionals, patients, and other healthcare professionals, clinics, hospitals and call centres to access and manage patient information in a secure and reliable environment.

EKG: TSX-V
———————-

How Digital is Accelerating Healthcare

  • A digital wave has swept the world. Technology advancements have transformed every aspect of life and healthcare isn’t far behind.
  • Digital healthcare aims to amplify the shortcomings of traditional healthcare systems.

The digitization of the entire healthcare ecosystem is underway. From telemedicine to wearables to the remote patient monitoring device, Integration of technology with healthcare helps in meeting the unfulfilled challenges in the healthcare industry.

Digital healthcare aims to amplify the shortcomings of traditional healthcare systems. Prevention, helping patients monitor and manage chronic conditions, lowering the cost of healthcare provision, and making medicine more tailored to individual needs – some of the areas where applying technology to healthcare can immensely help.

Healthtech or Digital Health is a thriving market. Global Digital Health Market value expected to surpass $504.4 billion by 2025; according to a new research report by Global Market Insights, Inc. Increasing demand for remote monitoring services due to rising incidences of chronic diseases worldwide is a major factor propelling the global market growth. This could be the reason why Tech giants are betting big on healthcare with almost all the big firms be it Google or Amazon are investing billions in healthcare. The most valuable company in the world – Apple updated its Health app, last year, to display medical records from 39 hospitals.  The firm also added a new Apple Watch feature called the electrocardiogram (EKG), a more advanced method of heart monitoring. Apple received an FDA clearance for this.

 Alphabet, Google’s parent company is also making a number of bets in healthcare and life sciences. Calico, focuses on health and well-being, in particular, the challenge of ageing and associated diseases. And Verily is developing tools to collect and organize health data, then creating interventions and platforms that put insights derived from that health data to use for more holistic care management. 

 WHO’s push for Digital Health

In the April 2019, the World Health Organization (WHO) released new recommendations on 10 ways countries can use digital health technology to improve people’s health and essential services. The guideline demonstrates that health systems need to respond to the increased visibility and availability of information. People also must be assured that their own data is safe and that they are not being put at risk because they have accessed information on sensitive health topics, such as sexual and reproductive health issues, a press release from the WHO states. It further adds that Health workers need adequate training to boost their motivation to transition to this new way of working and need to use technology easily.

The guideline stresses the importance of providing supportive environments for training, dealing with unstable infrastructure, as well as policies to protect the privacy of individuals, and governance and coordination to ensure these tools are not fragmented across the health system.

The guideline encourages policy-makers to review and adapt to these conditions if they want digital tools to drive tangible changes and provides guidance on taking privacy considerations on access to patient data.

WHO has issued a number of resources to strengthen digital health research and implementation, including the mHealth Assessment and Planning for Scale (MAPS) toolkit, a handbook for Monitoring and Evaluation of Digital Health, and mechanisms toharness digital health to end TB, eHealth Strategy Toolkit in collaboration with International Telecommunications Union (ITU) and the Digital Health Atlas, an online global repository where implementers can register their digital health activities

Digital Health in Asia

Digital Health is thriving in Asia. Last year, Investment in digital health was around $6.3 billion in Asia, confirming it as the 2nd largest HealthTech ecosystem in the world. Significantly exceeding 2017 in dollar size, and doubling 2016, the Asia ecosystem is fast catching the US, says a report by HealthTech Alpha, a Galen Growth Asia solution. The most number of news new announcements and investments came from China and India.

Some other important initiatives include:

  • Big technology companies, such as Tencent and Alibaba, announced new healthcare ventures
  • In collaboration with the Food and Drug Administration of the Philippines (FDA), mClinica introduced a new mobile app, Electronic Logbook, to digitize prescriptions using cutting edge image recognition and machine learning. With this, the Philippines became the first country in Asia to use a nationwide mobile app to disrupt the pharmacy prescription process
  • WeDoctor and Ping An Good Doctor – the “AI doctors” are increasingly becoming popular in China
  • BioTel CareTM(formally known as Telcare), a BioTelemetry company, has developed a next-generation wireless blood glucose monitor for diabetes management. It is the first FDA-cleared, cellular-enabled glucometer which supports real-time transmission and consolidation of patient data in an FDA-cleared cloud
  • Japan-based Omron Healthcare has developed a continuous, noninvasive Beat By Beat®blood pressure monitoring technology. Omron says this is the first of its kind in the world, uses Omron’s proprietary pressure sensor to apply pressure in a way to partially flatten the radial artery, thus enabling measurement of blood pressure for each heartbeat simply by attaching the monitor unit on the wrist

Health tech is an unprecedented opportunity to solve Asia’s healthcare woes. New technologies like Artificial Intelligence (AI), cognitive computing, natural language processing, wearable technology, virtual reality and augmented reality are providing new opportunities to provide more personalized prevention, diagnostic, and treatment.

As digital health improves, it will, in turn, strengthen health systems, enable universal health coverage, and improve health and well-being for all.

Source: https://www.biospectrumasia.com/analysis/46/14108/how-digital-is-accelerating-healthcare.html

Esports Entertainment Group $GMBL – #Madden and #PizzaHut enter first-ever virtual stadium deal in #Esports $TECHF $ATVI $TTWO $GAME $EPY.ca $FDM.ca $TNA.ca

Posted by AGORACOM-JC at 4:25 PM on Thursday, August 29th, 2019
SPONSOR: Esports Entertainment $GMBL Esports audience is 350M, growing to 590M, Esports wagering is projected at $23 BILLION by 2020. The company has launched VIE.gg esports betting platform and has accelerated affiliate marketing agreements with 190 Esports teams. Click here for more information
GMBL: OTCQB

———————–

Madden and Pizza Hut enter first-ever virtual stadium deal in esports

The Madden NFL 20 Championship series will be taking place at the newly unveiled Pizza Hut Stadium. A move intended to further blur the lines between traditional sports and esports.

  • Pizza Hut Stadium is the first-ever virtual stadium rights deal in history and all MCS live tournaments will be taking place at the new stadium.
  • “Pizza and sports go hand in hand, and esports is no exception. Pizza Hut has always been a trailblazer in the gaming space, from the days of tabletop Pac-Man in our restaurants, to now, becoming the first-ever brand to have an official virtual stadium rights deal in esports,” Pizza Hut CMO Marianne Radley said.

EA SPORTS This is the first ever virtual esports stadium in esports.

He continued: â€œThe goal of all our partnerships is to create 360 fan engagement and we are thrilled to join forces with EA Sports to create memorable experiences that connect fans to their favorite sports like never before.”

While the stadium is plastered with the Pizza Hut branding, that doesn’t mean jerseys will be. Alex Nuñez, the esports Sponsorship Lead at EA Sports told Dexerto: “The idea behind virtual stadium rights is to develop an opportunity that’s in the image and in the essence of what you would see in the actual NFL. So we wouldn’t want to stray from a traditional NFL experience.

“We wanted to mirror what you had experienced if you were to go to an actual NFL stadium where the concept of stadium rights already exists and you’re used to seeing brands within the stadium. We’re trying to create an extension of that in our world.”

Dexerto asked Vida Mylson, the Sr. Director of Global Brand Partnerships at EA Sports if there are plans for any other virtual stadiums.

EA SPORTS Pizza Hut Stadium will debut August 30.

“I think there’s always a possibility, I think from a bigger picture perspective and overall for esports,” she said. “I’m not going to say yes, I’m not going to say no, but obviously we’re definitely thinking a little bit bigger as far as how we can innovate these offerings and really lean into creating an experience for these brands within the sports environment.”

Mylson added that the partnership “validates the future of the Madden Championship Series as an NFL partner and property.

EA SPORTS Pizza Hut stadium attempts to blur the lines between esports and traditonal sports.

“I think from a Pizza Hut perspective, as well as ours, it kind of goes back to the idea of blurring the lines between the real world and then the world of gaming and really creating that mirrored sponsorship opportunity that they’re getting in the world of the NFL into a whole new area of gaming.”

Nuñez added: â€œThis is such a great example of how a sponsor program can bring value to the Madden competitive community, especially at the professional tier. 

“Now our professional players are playing in a virtual stadium rights deal, Pizza Hut stadium. This was created for them and then a belief in them that they are stars and eventually we become superstars of this sport. And that’s just how we try to approach our sponsorship business is not only bringing value to the brand but to the Madden community as well.”

EA SPORTS The Madden series has been around since 1988.

The MCS kickoff and debut of Pizza Hut Stadium is August 30 at the Madden NFL 20 Classic. The tournament is taking place at North America’s largest esports facility – Esports Stadium Arlington. 

$190,000 is on the line along with first and second place earning a spot in the Madden NFL 20 Bowl.

Source: https://www.dexerto.com/madden/madden-pizza-hut-enter-first-ever-virtual-stadium-deal-esports-963839

Bougainville Ventures Inc $BOG.ca – #Hemp industry awaits new #USDA rules $CROP.ca $VP.ca NF.ca $MCOA

Posted by AGORACOM-JC at 10:59 AM on Thursday, August 29th, 2019
SPONSOR:  Bougainville Ventures Inc (CSE: BOG) provides strategic capital to the thriving cannabis cultivation sector through ownership and development of commercial real estate properties. The company also offers fully built out turnkey facilities equipped with state-of-the-art growing infrastructure to cannabis growers and processors. Click here for more info.

Hemp industry awaits new USDA rules

  • Hemp was decriminalized in the 2018 Farm Bill thanks to legislation sponsored by Wyden, fellow Oregon Democrat Jeff Merkley and Senate Majority Leader Mitch McConnell, R-Ky.
  • Wyden addressed the state of the hemp industry during a panel discussion Aug. 19 at the Western U.S. Hemp Growers Conference and Expo in Portland. He said Oregon is “at the epicenter of the enormous potential for the hemp in the country.”

By GEORGE PLAVEN

PORTLAND — New rules for growing and testing hemp are coming this fall from the USDA, and that has farmers anxious about establishing consistent standards for the booming crop.

U.S. Sen. Ron Wyden, D-Ore., said the agency expects to issue regulations in the next two to four weeks.

Hemp was decriminalized in the 2018 Farm Bill thanks to legislation sponsored by Wyden, fellow Oregon Democrat Jeff Merkley and Senate Majority Leader Mitch McConnell, R-Ky.

Wyden addressed the state of the hemp industry during a panel discussion Aug. 19 at the Western U.S. Hemp Growers Conference and Expo in Portland. He said Oregon is “at the epicenter of the enormous potential for the hemp in the country.”

“We have an enormous sense of pride with the incredible growth in this industry, virtually overnight,” Wyden said.

Since 2014, the state has gone from 13 registered hemp growers and 105 acres to 1,883 growers and roughly 62,000 acres, according to the Oregon Department of Agriculture.

The Hemp Farming Act of 2018 that passed Congress with bipartisan support — led by unlikely allies in Wyden, Merkley and McConnell — classified hemp as an agricultural commodity.

“I think it’s pretty obvious you are on the right side of history,” Wyden told the crowd gathered for the conference. “You don’t have thousands of farmers moving into this space for nothing.”

Hemp, like marijuana, is a cannabis plant, though it legally contains less than 0.3% tetrahydrocannabinol, or THC, the main ingredient that gets users high.

While hemp fiber can be used to make paper, textiles, clothing and building materials such as “hempcrete,” the current primary market is for products containing a derivative extract known as cannabidiol, or CBD. Companies are putting CBD in everything from cosmetics to beverages, touting numerous benefits.

The USDA Agricultural Marketing Service is now developing a program to implement the Hemp Farming Act, which requires states and tribes as the primary regulators of hemp to comply with federal standards for testing THC levels, inspecting farms and monitoring overall production.

States will submit their detailed plans for approval once the regulations are announced, going into effect for the 2020 planting season.

Sunny Summers, cannabis policy coordinator for ODA, said Oregon already does testing and tracks production under the state’s hemp pilot program. Such pilot programs were permitted by the 2014 Farm Bill.

“This is not anything new,” Summers said. “We should be setting the standard for the country.”

The goal, Summers said, is to begin treating hemp the same as any other crop. But she said the industry still has challenges ahead, pointing to issues such as the potential for cross-pollination of crops, pesticide drift and managing odor.

“Coexistence is the backbone of Oregon agriculture,” Summers said. “The industry is going to have to come together and find those opportunities to coexist.”

Courtney Moran, a hemp lobbyist and president of the Oregon Industrial Hemp Farmers Association, said the USDA rules should clarify uncertainties for hemp growers and producers around interstate commerce, banking, crop insurance and law enforcement.

“No matter where you’re going, we want to make sure crops are legal and compliant,” Moran said.

The Food and Drug Administration is responsible for regulating and classifying CBD products. Wyden said he was told that could take three to five more years, which he pushed back against forcefully.

The government is starting to make progress implementing the Hemp Farming Act, Wyden said, but needs to move faster.

“CBD products have enormous potential. And that was the whole purpose of the bill,” Wyden said. “We don’t want to see that potential squelched because the feds are moving too slowly.”

Source: https://www.capitalpress.com/state/oregon/hemp-industry-awaits-new-usda-rules/article_81fc61ac-c2b6-11e9-8c1b-eb5e8365b360.html

BetterU Education Corp. $BTRU.ca – #Vedantu secures $42M funding led by #TigerGlobal & #WestBridge Capital #edtech $ARCL $CPLA $BPI $FC.ca

Posted by AGORACOM-JC at 10:29 AM on Thursday, August 29th, 2019
SPONSOR:  Betteru Education Corp. aims to provide access to quality education from around the world. The Company plans to bridge the prevailing gap in the education and job industry and enhance the lives of its prospective learners by developing an integrated ecosystem. Click here for more information.
BTRU: TSX-V

Vedantu secures $42M funding led by Tiger Global & WestBridge Capital

  • Edtech platform Vedantu has raised $42 million in fresh funding, led by New York-based Tiger Global Management and WestBridge Capital.
  • The investment will enable Vedantu to popularize its online live tutoring sessions in small towns and cities across the country.

Vedantu’s current goal is to boost activations from tier 2 and beyond cities, aided by lowering the average price of its live tutoring classes

ETtech

Edtech platform Vedantu has raised $42 million in fresh funding, led by New York-based Tiger Global Management and WestBridge Capital. The investment will enable Vedantu to popularize its online live tutoring sessions in small towns and cities across the country.

Existing investors Accel, Omidyar India and TAL Education also participated in the round, along with Prince Maximilian of Liechtenstein who is also the CEO of banking and asset management firm LGT group.

“Majority of this fund we are planning to deploy into building awareness about this category and our brand. Investments into our technology and platform will be the second pillar enabled by this round,” said Vamsi Krishna, cofounder and CEO.

Vedantu claims 15 million users access free content on its platform, while 150,000 pay for its live tutoring programme. The company said it currently recuperates the cost of acquiring a customer within a year, and is hoping that users extending their subscriptions over many years will drive profits.

The company’s current goal is to boost activations from tier 2 and beyond cities, aided by lowering the average price of its live tutoring classes, Krishna said. Almost 80% of users who access Vedantu’s free content are from tier 2 and smaller cities, while 55% of its paid users are in small towns.

“Vedantu has been the first to reimagine the concept of tutorials in the country and create an exponential shift towards the online LIVE Tutoring model. Vamsi and team are extremely focused on improving the educational outcomes of students using their unique online offering,” said Anand Daniel, partner at Accel Partners.

Including the latest funding, Vedantu has raised $58 million in total across three funding rounds. The investment comes at a time when India’s ed-tech space is seeing traction, with giants such as Byju’s achieving a valuation of $5.4 billion in its latest round.

Source: https://tech.economictimes.indiatimes.com/news/startups/vedantu-secures-42m-funding-led-by-tiger-global-westbridge-capital/70894735

Spyder #Cannabis $SPDR.ca – Alberta squeaks out title as Canada’s top cannabis market with $123.6M sold $CGC $ACB $APH $CRON.ca $HEXO.ca $OGI.ca

Posted by AGORACOM-JC at 10:16 AM on Thursday, August 29th, 2019

SPONSOR: Spyder Cannabis (SPDR:TSXV) went public just a couple of months ago and hit the ground running with 5 operating Canadian retail locations – and a 6th one on the way via an 8,000 sq ft super store in Alberta.  Most companies would be ecstatic to have this number of locations – but Spyder just announced a major move into the United States, with a 5 location deal for boutique stores up and down the US Eastern seaboard.  The news gets better.  If all goes well with these 5 locations, the US outlet partner has a total of 39 locations across 20 states for Spyder to grow into to. Click here for more info.

(TSX-V: SPDR)

Alberta squeaks out title as Canada’s top cannabis market with $123.6M sold

Ontario, Quebec not far behind in new data showing sales since legalization

Rachel Ward

Gord Nichol shows off some of the products he bought inside RELM Cannabis Co., in Burlington, Ont. on April 1. Alberta narrowly squeaked out as Canada’s top cannabis market, surpassing Ontario by a matter of a few million. (Dan Taekema/CBC)

  • Albertans pull out their wallets for legal weed more often than other Canadians, new data shows.
  • Statistics Canada has published new information on the amount sold at cannabis store across the country, from legalization in October 2018 to June 2019.

The sales data shows that Alberta comes out as the top legal cannabis market in Canada, with more than $123.6 million in sales.

Alberta narrowly squeaked into the top spot with Ontario close behind at $121.6 million, followed by Quebec at $119.2 million.

‘Best job of any province,’ retailer says

Alberta’s quick pick-up in the cannabis market can be attributed to the province’s regulator â€” Alberta Gaming Liquor and Cannabis (AGLC) — argues Darren Bondar, who runs a national chain of cannabis stores out of Calgary.

“Alberta and the AGLC have done the best job of any province in the country,” the Spirit Leaf CEO said.

He notes AGLC had experience with private liquor stores, which helped them co-ordinate the opening of 275 private cannabis vendors.

The province also runs a public website that sells and mails out cannabis products.

Ontario may soon surpass Alberta in sales, however. The province was slow in getting stores open but expects to see another 50 open this fall.

Another of Canada’s most populous provinces, British Columbia, saw slow sales, coming ninth on the list. Smaller provinces of Nova Scotia and New Brunswick, saw more money spent.

Canada’s first cannabis competition

Alberta can also boast the country’s first legal cannabis competition when Hempfest Expo opens this October in Calgary. A big draw for other international cannabis hotspots, like Colorado and Amsterdam, expectations for Hempfest Cup are high.

The competition runs Oct. 11-12 at Stampede Park, and will boast entries from big and little growers alike â€” even Canadians who are (legally) growing plants in their homes or yards. Registration for the event closes Sept. 12.

Source: https://www.cbc.ca/news/canada/calgary/alberta-cannabis-sales-1.5259452

Enthusiast Gaming $EGLX.ca – What Are the Most Popular Video Games for #Esports? $EPY.ca $FDM.ca $WINR $TCEHF $ATVI $TNA.ca

Posted by AGORACOM-JC at 5:52 PM on Wednesday, August 28th, 2019

SPONSOR: Enthusiast Gaming Holdings Inc. (TSX-V: EGLX) Uniting gaming communities with 80 owned and affiliated websites, currently reaching over 150 million monthly visitors. The company exceeded 2018 target with $11.0 million in revenue. Learn More

EGLX: TSX-V

What Are the Most Popular Video Games for Esports?

  • Esports, or electronic sports, compete with and sometimes even surpasses traditional sports when it comes to things like prize money and viewership.
  • This fast-growing industry is not just for kids either, as people from traditional sports, like Rick Fox, participate in the esports scene. These are the most popular games for esports and how they got so popular.

by Bryan Steele

Starcraft II

You can’t talk about esports history without mentioning South Korea, the home of esports. In the late ’90s and early 2000s, when Americans were just starting to use computers to surf the web, Korea invested heavily in becoming the best place in the world for gaming. People played Starcraft with each other as a hobby. Eventually, it became so competitive they started playing for money.

This quickly blossomed into what we now know as esports. Although Starcraft was replaced by its sequel, Starcraft II, the game remains a popular esport in Korea and other parts of the world. Currently, Starcraft II is past its prime, but it still has almost 2 million active players who’ve earned a total of nearly $31 million in prize money.

League of Legends

The story of esports then turned to League of Legends. Created in 2009, this game soon became the most played in the world, including in Korea. Its popularity exploded, especially in China, and eventually, League of Legends grew to have over 100 million players. 

That said, Riot Games, the creator of League of Legends, has kept the prize pools modest. Despite being one of the most-played games in the world, the total prize pool, as reported by EsportsEarnings, is just under $69 million.

Fortnite

Fortnite has taken the world by storm. With over 250 million players, its massive popularity translates into huge prize pools considering its relative newness on the esports scene.

Fortnite recently had its inaugural Fortnite World Cup, which had a prize pool of over $30 million. The winner, 16-year-old Kyle “Bugha” Giersdorf, went home with $3 million. Epic Games, the creator of Fortnite, is investing a ton of money into the esports scene. So far, it’s already paid out almost $72 million in winnings to its athletes.

Counter-Strike: Global Offensive

Valve, the creator of Counter-Strike: Global Offensive, or CS: GO for short, approaches esports differently than others on this list. Valve funds and operates large tournaments, but it also allows other organizations to organize their own competitions. As a result, the CS: GO scene is far larger than how many people actually play the game. 

According to Statista, CS: GO averages less than a million players. Despite this, it has awarded over $80 million in prize money to competitors from around the world.

Defense of the Ancients

Valve also developed Defense of the Ancients, also called DotA. Like CS: GO, not many people play DotA, but its esports scene is absolutely massive. According to Statista, less than a million people play DotA 2. However, because of the game’s many tournaments around the world, as well as The Compendium, which essentially crowdsources the prize money for DotA’s big tournament, its esports scene is huge.

According to EsportsEarnings, the total prize money from DotA is almost $182 million. For a game with a fraction of the Fortnite or League of Legends’ players, DotA throws a lot of money around for its esports scene.

Source: https://www.sportscasting.com/what-are-the-most-popular-video-games-for-esports/

ThreeD Capital Inc. $IDK.ca – Why Some Executives See #Crypto As A New Business Tool $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 5:18 PM on Wednesday, August 28th, 2019

SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based venture capital firm that only invests in best of breed small-cap companies which are both defensible and mass scalable. More than just lip service, Inwentash has financed many of Canada’s biggest small-cap exits. Click Here For More Information.

IDK: CSE

Why Some Executives See Crypto As A New Business Tool

  • Executives are leveraging blockchain-driven currency to axe business process friction or fuel innovative products and services.
  • Signals are building that more organizations recognize its alluring features as fuel for innovative products and services, or useful for axing friction in the business process behind a transaction.

By: Jason Abdilla, Unsplash

Many executives see blockchain-driven digital currency as a terribly clunky payment vehicle or speculative investment. But signals are building that more organizations recognize its alluring features as fuel for innovative products and services, or useful for axing friction in the business process behind a transaction.

Unlikely Bedfellows Align Around Feature-Rich Token Projects

For example, a group of 14 financial firms led by UBS Group AG and including Barclays PLC, Nasdaq Inc., Credit Suisse Group AG , Bank of New York Mellon Corp., and State Street Bank & Trust Co have created a new company, Fnality International, to control development of a bitcoin-like token that the firms plan to use to settle cross-border trades. The token, called utility settlement coin (USC), is designed so banks can settle transactions directly with each other without having to involve a third-party intermediary, removing layers of costs and inefficiency. JPMorgan Chase & Co. is taking a similar approach, creating a network of more than 250 members that is working on a token called JPM Coin. Twenty eight brands, led by Facebook and including Mastercard, Visa, Uber, Spotify, PayPal, and eBay have created the Libra Association to develop a token, which is named Libra. In so doing, unlikely bedfellows are coming together to take on the extremely difficult work of forging a new financial infrastructure, pioneering challenging territory in joint governance, and navigating regulatory uncertainty.

What Is So Compelling?

Blockchain-driven digital tokens have very attractive attributes that make it possible to do something totally new: merge business and operational activity with the movement of money. All of a sudden, money can be programmable—terms and conditions could be directly embedded into how money moves from one party to another. While this is certainly possible in today’s financial world, the potential to reduce the cost of doing so to writing a few lines of code is tantalizing.

For example, the USC token serves as a messenger that includes the data needed to complete a trade along with payment, which could cut transaction cost and time. A key feature of Facebook’s Libra is a programming language called Move that can be used to customize transaction logic and create “smart contracts” that dictate the conditions under which value is moved—an element which could fuel a range of financial innovations. Imagine a world in which a few lines of code ensure a transaction doesn’t take place until certain other conditions are met—an asset couldn’t be spent until a certain time in the future, or until a certain number of parties have registered their approval. While moving this logic to code comes with a new set of challenges (including the possibility of bugs and the open question of legal enforceability), pioneers imagine digital tokens flexibly embedded into existing products, used to create innovative bundling, or develop completely new financial products.

Digital tokens carry other attractive attributes as well. They are designed to be interoperable (they are more useful the more widely accepted they are, and so token development is a race to get the flywheel turning on network effects). They are typically traceable, so they provide clear auditability, and hold the potential to settle on a near-immediate basis.

By cutting out intermediaries, they also offer the prospect of a low-transaction cost global currency. According to Bloomberg, retailers are paying $90 billion in swipe fees on credit and debit cards every year. On August 14, supermarket giant Kroger stopped accepting Visa at 21 supermarkets and five gas stations because of what the company called “excessive fees”.

Digital tokens could eventually also serve as an efficient way to shape and align consumer or partner behavior, functioning as a high value rewards system, like a supercharged loyalty point. This has the potential to exert influence across a wide range of organizations and business objectives.

Regulators Are Taking These Signals Seriously

UNITED STATES – JULY 16: David Marcus, head of Facebook’s Calibra digital wallet service, prepares to testify during the Senate Banking, Housing and Urban Affairs Committee hearing on “Examining Facebook’s Proposed Digital Currency and Data Privacy CQ-Roll Call,Inc.

Momentum has been met with a heightened response from regulators and lawmakers. Facebook’s announcement of Libra led to heated U.S. Senate Banking Committee and the House Financial Services Committee held hearings. At the hearings, Senate Banking Chairman Mike Crapo of Idaho painted the complexity ahead, “Libra is based on a relatively new and continually evolving technology in which it is not entirely clear how existing laws and regulations apply.” The Financial Stability Oversight Council, an umbrella group of regulators that includes the Fed, has formed a working group to discuss oversight of digital assets. The Group of Seven (G7) industrialized nations have elevated cryptocurrencies to a priority issue, with finance ministers debating how global cryptocurrency could impact financial markets. Bank of England Governor Mark Carney even suggested central banks should consider joining forces to create a virtual currency (based on a network of digital central-bank currencies) that could ease the global economy’s reliance on the dollar and be used to facilitate cross-border trade and international payments.

Suddenly, the prospect of whether this new form of money could undermine the role of central banks or become a viable alternate to national currencies had become serious debate. This acknowledges the power and influence of the players exploring these new currencies as well as the complexity of projecting how they would operate in the wild.   

Canary In The Coal Mine?

Will these initial projects succeed or fail? It is too early to project the outcome of such early work in the space, much less how it could evolve as momentum builds. However, we are seeing clear signals that there is hunger for the features and functionality blockchain-driven digital tokens and currency make possible. And many in the space are taking the position that it’s inevitable that something like these early projects will ultimately come to market, even if the initial attempts fail to make it through the regulatory gauntlet. It is likely we will see a race for innovation in this space, one that could blur the lines between the financial services industry and other sectors, and even the role of nation-states versus corporations.

Source: https://www.forbes.com/sites/alisonmccauley/2019/08/28/why-some-executives-see-crypto-as-a-new-business-tool/#676b926c37ae

CLIENT FEATURE: Empower Clinics $CBDT.ca – 165,000 Patients Already, CBDT Is Positioned To Become A Medical #Cannabis & #CBD Retail Powerhouse $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $OGI.ca

Posted by AGORACOM-JC at 12:14 PM on Wednesday, August 28th, 2019

Why Empower Clinics

  • A leading owner/operator of physician staffed health and pain management clinics
  • Patient database of over 165,000 patients 
  • Platform generating $4MM USD in revenue annually (2019)
  • Proprietary technology platforms including Electronic Health Records portal and e-Commerce for CBD product distribution
  • Launching CBD extraction facility
  • First extraction system capacity = 6,000 Kg per year.
  • CBD based products are poised to be a $20B global industry by 2022
  • Medical cannabis is poised to be a $100B global industry by 2025

Recent Acquisition of Sun Valley Certification Clinics Holdings LLC

  • Created one of the largest clinic groups in the medical cannabis sector in the United States
  • Twelve (combined) clinic locations
  • Operating in Washington, Oregon, Arizona, Nevada and California

CHECK OUT OUR RECENT INTERVIEW

FULL DISCLOSURE: Empower Clinics is an advertising client of AGORA Internet Relations Corp.

Esports Entertainment Group $GMBL – #Fortnite streaming star #Ninja lands partnership with #Adidas $TECHF $ATVI $TTWO $GAME $EPY.ca $FDM.ca $TNA.ca

Posted by AGORACOM-JC at 10:59 AM on Wednesday, August 28th, 2019
SPONSOR: Esports Entertainment $GMBL Esports audience is 350M, growing to 590M, Esports wagering is projected at $23 BILLION by 2020. The company has launched VIE.gg esports betting platform and has accelerated affiliate marketing agreements with 190 Esports teams. Click here for more information
GMBL: OTCQB

———————–

‘Fortnite’ streaming star Ninja lands partnership with Adidas

By: Mike Snider, USA TODAY

“Fortnite” streaming superstar Tyler “Ninja” Blevins has joined another team: Adidas.

This is the second major move recently for the professional video gamer, who earlier this month left the Twitch streaming service for the Microsoft-owned streaming platform Mixer.

“Partnering with Adidas is a chance to join a family that celebrates fellow creators at the top of their game,” he said in a video posted on the Adidas website Tuesday.

There’s no specific Adidas gear sporting Ninja iconography, but that won’t likely be the case for long. “I can’t say specifically what is in the works with Adidas, but use your imagination,” Blevins said on his Mixer stream reported tech news site The Verge.

Esports at home: How to be an esports star without going pro, playing games like Solitaire and Madden NFL

Risks of esports: Injuries real for pros and at-home gamer, from finger sprains to collapsed lungs

When he left Twitch, Blevins had more than 14 million followers on Twitch – and more than 22 million subscribers on YouTube. Blevins helped instigate a pop culture moment in March 2018 when he played ‘Fortnite’ online with rapper Drake. Blevins now has nearly 2 million followers on Mixer.

Blevins, who gained notoriety for his prowess playing the video game “Halo,” is expanding his brand with a recently-released book “Ninja: Get Good: My Ultimate Guide to Gaming.” He also was reportedly paid $1 million by Electronic Arts to play the online game “Apex Legends,” according to Reuters.

Blevin’s moves are just the latest escalation in the video game streaming-esports arena. Nike and K-Swiss recently made deals with esports organizations, too, as CNBC reported recently.

Source: https://www.usatoday.com/story/tech/talkingtech/2019/08/27/fortnite-star-ninja-signs-partnership-deal-adidas/2135304001/